American Apparel Lenders Boost Takeover Bid, Countering Charney

American Apparel: Meet the Investor Backing Dov Charney

American Apparel Inc. signed a new deal with senior lenders and lower-ranking creditors to put $40 million more into the retailer once it exits bankruptcy. 

The lenders and the company announced the settlement with the last group of creditors that had been opposing their plans the same day two funds backing company founder Dov Charney -- Hagan Capital Group and Silver Creek Capital Partners -- said they were boosting their offer to buy American Apparel out of bankruptcy to $300 million.

The dueling offers were announced in statements Monday.

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